Strategic Mgmt Exam Answered
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1. Offensive strategic moves involve all of the following except: blocking the avenues
open to challengers
2. Bumble, a digital dating site where women make the first move, specifically
uses which strategic weapon in its offensive arsenal: pursuing disruptive product innovations
to create new markets
3. A blue-ocean strategy: involves abandoning efforts to beat out competitors in existing markets and
instead invent a new industry or new market segment that renders existing competitors largely irrelevant and allows a
company to create and capture altogether new demand.
4. what is the goal of signaling a challenger that strong retaliation is likely in the
event of an attack: to dissuade challenges from attacking or diverting then into using less threatening options
5. first-mover advantages are unlikely to be present when: rapid market evolution due to
face-paced changes in technology or buyer preferences, presents opportunities to leapfrog a first-movers products
with more attractive next-version products
6. a difference between a merger and an acquisition is that: a merger is the combining
of two or more companies into a single corporate entity whereas an acquisition involves one company (the acquirer)
purchasing and absorbing he operations of another company (the acquired)
7. Vertical Integration Strategy: offer good potential to expand a company's lineup of products and
services
8. A strategic disadvantage of vertical integration is: to impair a company's flexibility in
accommodating shifting buyer preferences
9. strategic alliances are: collaborative formal arrangements where two or more companies join forces and
agree to work cooperatively toward some strategically relevant objective
10. if you were advising Hoffmann-LaRoche, which set up Roche Partnering to
manage more than 190 alliances in the healthcare industry, what might not
be a reason why some of those alliances could prove to be unstable or break
apart?: a partner obtains access to another partner's proprietary knowledge base, technologies, or trade secrets
11. What does the scope of the firm refer to?: The range of activities the firm performs internally
and the breadth of its product offerings, the extent of its geographic market, and its mix of businesses
12. Late-mover advantages (or first-mover disadvantages) are not likely to arise
when: the costs of pioneering are much higher than being a follower and only negligible learning/experience
benefits accrue to a pioneer
1/5
, Strategic Mgmt Exam Answered
Study online at https://quizlet.com/_i5ca33
13. ExxonMobil enters into a pact with Gazprom, the worlds largest natural gas
extractor, to set up a processing unit in Baku, Azerbaijan. Which of the following
is most likely the reason for ExxonMobil to opt for this strategic alliance?: to gain
access to low-cost inputs of production
14. Crafting a strategy to compete in one or more foreign markets can be
considered complex because: Because of the potential for location-based advantages to conducting
value chain activities in certain countries.
15. One of the biggest strategic challenges to competing in the international
arena includes: Whether to offer a standardized product worldwide or a customized product offering in each
different country market
16. The difference between political risks and economic risks is that: Political risks
stem from instability or weakness in national governments, while economic risks stem from the stability of a country's
monetary system, and its economic and regulatory policies.
17. The advantages of manufacturing goods in a particular country and export-
ing them to foreign markets: are weakened when that country's currency grows stronger relative to the
currencies of the countries where the output is being sold
18. The advantages of using an acquisition strategy to pursue opportunities in
foreign markets include: having a high level of control and speed as an entry strategy to overcome trade
barriers
19. acquisition of an existing firm rather than via internal development may
be the least risky and cost-efficient means of overcoming entry barriers such
as: gaining access to local distribution networks, building supplier networks, and establishing working relationships
with key government officials
20. what is the foremost strategic issue that must be addressed by firms when
operating in two or more foreign markets: deciding on the degree to vary its competitive approach
to fit the specific market conditions and buyer performances in each host country
21. when is it appropriate to use a think-local, act-local approach strategy: when
the need for local responsiveness is high due to significant cross-country differences in demographic, cultural, and
market conditions and where benefits from standardization is limited
22. what is a primary drawback of a localized multidomestic strategy?: it hinders the
transfer of a company's competencies and resources across country boundaries and hinders the pursuit of a single,
uniform competitive advantage in all country markets where a company operates
2/5
Study online at https://quizlet.com/_i5ca33
1. Offensive strategic moves involve all of the following except: blocking the avenues
open to challengers
2. Bumble, a digital dating site where women make the first move, specifically
uses which strategic weapon in its offensive arsenal: pursuing disruptive product innovations
to create new markets
3. A blue-ocean strategy: involves abandoning efforts to beat out competitors in existing markets and
instead invent a new industry or new market segment that renders existing competitors largely irrelevant and allows a
company to create and capture altogether new demand.
4. what is the goal of signaling a challenger that strong retaliation is likely in the
event of an attack: to dissuade challenges from attacking or diverting then into using less threatening options
5. first-mover advantages are unlikely to be present when: rapid market evolution due to
face-paced changes in technology or buyer preferences, presents opportunities to leapfrog a first-movers products
with more attractive next-version products
6. a difference between a merger and an acquisition is that: a merger is the combining
of two or more companies into a single corporate entity whereas an acquisition involves one company (the acquirer)
purchasing and absorbing he operations of another company (the acquired)
7. Vertical Integration Strategy: offer good potential to expand a company's lineup of products and
services
8. A strategic disadvantage of vertical integration is: to impair a company's flexibility in
accommodating shifting buyer preferences
9. strategic alliances are: collaborative formal arrangements where two or more companies join forces and
agree to work cooperatively toward some strategically relevant objective
10. if you were advising Hoffmann-LaRoche, which set up Roche Partnering to
manage more than 190 alliances in the healthcare industry, what might not
be a reason why some of those alliances could prove to be unstable or break
apart?: a partner obtains access to another partner's proprietary knowledge base, technologies, or trade secrets
11. What does the scope of the firm refer to?: The range of activities the firm performs internally
and the breadth of its product offerings, the extent of its geographic market, and its mix of businesses
12. Late-mover advantages (or first-mover disadvantages) are not likely to arise
when: the costs of pioneering are much higher than being a follower and only negligible learning/experience
benefits accrue to a pioneer
1/5
, Strategic Mgmt Exam Answered
Study online at https://quizlet.com/_i5ca33
13. ExxonMobil enters into a pact with Gazprom, the worlds largest natural gas
extractor, to set up a processing unit in Baku, Azerbaijan. Which of the following
is most likely the reason for ExxonMobil to opt for this strategic alliance?: to gain
access to low-cost inputs of production
14. Crafting a strategy to compete in one or more foreign markets can be
considered complex because: Because of the potential for location-based advantages to conducting
value chain activities in certain countries.
15. One of the biggest strategic challenges to competing in the international
arena includes: Whether to offer a standardized product worldwide or a customized product offering in each
different country market
16. The difference between political risks and economic risks is that: Political risks
stem from instability or weakness in national governments, while economic risks stem from the stability of a country's
monetary system, and its economic and regulatory policies.
17. The advantages of manufacturing goods in a particular country and export-
ing them to foreign markets: are weakened when that country's currency grows stronger relative to the
currencies of the countries where the output is being sold
18. The advantages of using an acquisition strategy to pursue opportunities in
foreign markets include: having a high level of control and speed as an entry strategy to overcome trade
barriers
19. acquisition of an existing firm rather than via internal development may
be the least risky and cost-efficient means of overcoming entry barriers such
as: gaining access to local distribution networks, building supplier networks, and establishing working relationships
with key government officials
20. what is the foremost strategic issue that must be addressed by firms when
operating in two or more foreign markets: deciding on the degree to vary its competitive approach
to fit the specific market conditions and buyer performances in each host country
21. when is it appropriate to use a think-local, act-local approach strategy: when
the need for local responsiveness is high due to significant cross-country differences in demographic, cultural, and
market conditions and where benefits from standardization is limited
22. what is a primary drawback of a localized multidomestic strategy?: it hinders the
transfer of a company's competencies and resources across country boundaries and hinders the pursuit of a single,
uniform competitive advantage in all country markets where a company operates
2/5
